Financing of AgroCredit Latvia, SIA is intended for financing purchase of agricultural raw materials (seeds, fertilizers, chemicals and fuel) and other current assets required for the farm. Signed fixed grain sales contract with one of our accepted grain dealers serves as loan security.
Financing is issued during the sowing period for the supplied raw materials based on invoices to be paid. The financing is issued to the borrower himself/herself or also invoices may be paid on the behalf of the farm. In its turn financing needs to be returned in autumn after grains are delivered.
By assessing credit application, needs of the borrower, financial data and other farm indicators the credit limit is set and it can be used gradually during the entire season. Loan needs to be returned in autumn after grain sales.
Interest payments for the loan usage needs to be paid on March and on September.
Also AgroCredit Latvia offers adjusted financial solutions in order to receive financing for execution of EU funds’ projects as well as for other investment projects.
Documents to be submitted for receiving of the financing:
1. Application form: please download it here;
2. Official up-to-date financial data (annual financial statement or declaration);
3. Operating financial data;
4. Passport copy of the person signing the contract.